Contra Krugman, episode 109.

Welcome to the podcast that takes apart Paul Kruikman's New York Times column.

Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krukman.

Nobel Prize winner, newspaper columnist, and destroyer of nations.

It's time for Contra Krugman.

Hello, everybody, it's Tom and Bob with another episode of Contra Krugman, which we are

recording live in front of this gigantic

crowd on the Contra Cruise. Welcome, everybody.

Now all these folks at home are saying, darn it, I knew I should have gone on this thing. Yes,

you should have. You had no idea how good it was going to be despite the fact that

we kept telling you that week after week. Yeah. I don't want to jump the gun, but I think this year so

far is better than last year. Yeah. Also, it's because my favorite people from last year came back,

so that was good. Oh, that's going to be rough for the people who didn't come back to

hear, Bob. They're my second favorite people. Second favorite people. All right. All right, what we're doing

today is talking about a Krugman blog post, actually, because we thought his columns were kind of crummy.

So we caught him in the act of doing economics on the blog. And this is a post from October 10th, 2017.

It has to do with the most recent Nobel Prize winner in economics, Richard Thaler.

We're going to talk about him.

Now, if you've been on the cruise, of course, you probably have not heard episode, I think it's 10021 or 22,

which I forget which one it is, of the Tom Wood Show in which I did also talk about this topic with Gene Epstein.

But Gene and Bob have different perspectives, and I will try to say different things in the hope that for some reason you will listen to both episodes.

Tom's going to be a Keynesian in this episode.

...